ICBK News

The first two IPOs of 2015 both priced below the range and broke issue in early trading Friday. Wisconsin-based County Bancorp recovered to an 8% gain, but insurance services provider Patriot National ended the day down 4%. Last year's finance IPOs average a -1% return from the IPO price. The week's largest scheduled deal postponed its IPO, highlighting the continued pressure...read more

County Bancorp, a Wisconsin bank focused on dairy-related lending with over $700 million in assets, raised $19 million by offering 1.18 million shares at $15.75, just below the $16 to $18 range. County Bancorp will list on the NASDAQ under the symbol ICBK. Baird and Sterne Agee acted as joint bookrunners on the deal....read more

The 2015 IPO market kicks off with three finance companies including a mortgage REIT, an insurance service company and a Wisconsin dairy-focused bank. Financial offerings averaged three per month in 2014 and averaged 2% on the first day and 0.4% thereon. Insiders plan to float a portion of each deal on this week's ...read more

County Bancorp, a Wisconsin bank focused on dairy-related lending with over $700 million of assets, announced terms for its IPO on Friday. The Manitowoc, WI-based company plans to raise $20 million by offering 1.2 million shares (12% insider) at a price range of $16 to $18. At the midpoint of the proposed range, County Bancorp would command a fully diluted market value of $94...read more